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EX-32 - AMANASU TECHNO HOLDINGS CORPatex32q.htm
EX-31 - AMANASU TECHNO HOLDINGS CORPatex31q.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the period ended March 31, 2011

[     ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to ________________

Commission File Number: 001-31261

AMANASU TECHNO HOLDINGS CORPRATION

(Exact name of registrant as specified in its charter)

Nevada   98-0351508
(State of other jurisdiction of incorporation or organization)   (I.R.S. Eployer Identification No.)

445 Park Avenue Center 10th Floor New York, NY 10022

(Address of principal executive offices)

212-836-4727

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes X   No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting copany" in Rule 12b-2 of the Exchange Act.

Large accelerated filer     Accelerated filer  
Non-accelerated filer   (Do not check if a smaller reporting company) Smaller reporting company X

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes     No X

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all docments and reports required to be filed by sections 12, 13, or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

Yes     No  

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practiable date: 46,706,300 as of March 31, 2011.


AMANASU TECHNO HOLDINGS CORPORATION
QUARTERLY REPORT ON FORM 10-Q
FOR THE PERIOD ENDED March 31, 2011
TABLE OF CONTENTS

Reference Section Name Page
PART I
Item 1. Financial Statements 1
Item 2. Management's Discussion and Analysis of Financial Conditions and Results of Operations 7
Item 3. Quantitative and Qualitative Disclosures About Market Risk 10
Item 4. Controls and Procedures 10
Item 4T. Controls and Procedures 10
PART II
Item 1. Legal Proceedings 11
Item 1A. Risk Factors 11
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 11
Item 3. Default Upon Senior Securities 11
Item 4. Submission Of Matters To A Vote Of Security Holders 11
Item 5. Other Information 11
Item 6. Exhibits 11
Signatures Signatures 11

Part I

Item 1. Financial Statements

The Company's unaudited consolidated financial statements for the nine month and three month periods ended March 31, 2011 and 2009 are included with this Form 10-Q. The unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the nine month period ended March 31, 2011 are not necessarily indicative of the results that can be expected for the fiscal year ending December 31, 2010.

1


AMANASU TECHNO HOLDINGS CORPORATION
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS

 

  
March 31, 2011 (Unaudited)
December 31, 2010 (Audited)
ASSETS
Current Assets
Cash  
$           218
 
$           471
Prepaid expense
     19,122
     17,346
    Total current assets
     19,340
     17,817
Other Assets
Licensing agreement
179,268
162,619
  Less, accumulated amortization
     31,372
       4,065
      Net agreement amount
147,896
158,554
Investment
          226
               -
    Total other assets
   148,122
   158,554
Total Assets  
$   167,462
 
$   176,371
 
LIABILITIES AND STOCKHOLDERS'  DEFICIT
Current Liabilities
Short term note payable  
$  182,256
 
$  162,619
Short term loan
59,756
54,206
Accrued expenses
130,950
60,095
Rent payable
3,750
3,750
Taxes payable 
2,151
1,951
Advances from shareholders
153,044
148,465
Other advance
     99,900
     99,900
    Total current liabilities
   631,807
     530,986
    
Stockholders' Deficit
Common stock:  authorized 100,000,000 shares of
    $0.001 par value; 46,706,300 issued and
    outstanding
46,706
46,706
Additional paid in capital
844,687
844,687
Additional paid in capital - options
10,000
10,000
Deficit accumulated during development stage
(1,334,671)
(1,241,025)
Accumulated other comprehensive loss
    (28,569)
    (13,488)
Deficit attributable to Amanasu Techno Holdings 
    Corporation
(461,847)
(353,120)
Noncontrolling interest
       (2,498)
       (1,495)
    Total deficit
  (464,345)
  (354,615)
 
Total Liabilities and Stockholders' Deficit  
$    167,462
 
$    176,371
These statements should be read in conjunction with the year-end financial statements.

 

2


AMANASU TECHNO HOLDINGS CORPORATION
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT
ACCUMULATED DURING DEVELOPMENT STAGE
(Unaudited)

  
December 1,   
Three Month Periods Ended
1997 (Date of
March 31,
Inception) To
2011
2010
March 31, 2011
Revenue $
-
$
-
$
124,461
Cost of goods sold
             -
             -
       23,980
Gross profit
-
-
100,481
   
Expenses
(93,373)
(15,576)
(1,221,781)
Write off of inventory
-
-
(68,288)
Impairment Charge – write down of 
    licensing agreement
            -
            -
   (103,528)
Operating Loss
(93,373)
(15,576)
(1,293,116)
   
Other Income (Expense):
    Interest income
2
-
6
    Other income
-
-
3,550
    Interest expense
    (1,278)
  (1,979)
      (3,564)
Loss accumulated during developing stage
(94,649)
(17,555)
(1,293,124)
Less, accumulated loss attributable   
    to noncontrolling interest
      1,021
            -
        2,828
Loss accumulated during development  
    stage attributable to Amanasu Techno
    Holdings Corporation
(93,628)
(17,555)
(1,290,296)
 
Other comprehensive income (loss)
    (15,081)
  10,993
    (28,569)
Total comprehensive loss $
  (108,709)
$
(6,562)
$
(1,318,865)
 
Loss per share - basic and diluted  $
                -
$
          -
 
Weighted average number of 
    shares outstanding
46,706,300
46,706,300
These statements should be read in conjunction with the year-end financial statements.

 

3


AMANASU TECHNO HOLDINGS CORPORATION
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT
ACCUMULATED DURING DEVELOPMENT STAGE
(Unaudited)

    
December 1,   
Three Month Periods Ended
1997 (Date of
March 31,
Inception) To
        
2011
      
2010
March 31, 2011
Revenue $
-
$
-
$
124,461
Cost of goods sold
          -
          -
       23,980
Gross profit
-
-
100,481
   
Expenses
(31,391)
(8,991)
(1,221,781)
Write off of inventory
-
-
(68,288)
Impairment Charge – write down of  
    licensing agreement
            -
          -
   (103,528)
Operating Loss
(31,391)
(8,991)
(1,293,116)
   
Other Income (Expense):
    Interest income
-
-
6
    Other income
-
-
3,550
    Interest expense
       (639)
   (319)
      (3,564)
Loss accumulated during 
    developing stage
(32,030)
(9,310)
(1,293,124)
Less, accumulated loss attributable   
    to noncontrolling interest
         159
          -
        2,828
Loss accumulated during development  
    stage attributable to Amanasu
    Techno Holdings Corporation
(31,871)
(9,310)
(1,290,296)
 
Other comprehensive income (loss)
      (9,727)
  7,104
    (28,569)
Total comprehensive loss $
    (41,598)
$
(2,206)
$
(1,318,865)
 
Loss per share - basic and diluted  $
                -
$
          -
 
Weighted average number of 
    shares outstanding
46,706,300
46,706,300
These statements should be read in conjunction with the year-end financial statements.

 

4


AMANASU TECHNO HOLDINGS CORPORATION
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

 

 
December 1,
Three Month Periods Ended
1997 (Date of
March 31,
Inception) To
     
2011
                  2010
March 31, 2011
CASH FLOWS FROM OPERATIONS
Net Loss $
(93,628)
$
(17,555)
$
(1,323,069)
Adjustments to reconcile net loss to net cash consumed by  
    operating activities:
Charges and credits not involving the use of cash:
Depreciation and amortization
10,255
-
72,233
Impairment of licensing agreement
-
-
103,528
Common stock issued for services
-
-
21,300
Noncontrolling interest share of losses  
(1,021)
-
(2,828)
Changes in assets and liabilities:
Increase in prepaid expense
(1,776)
(11,114)
(18,869)
Increases (decrease) in accrued expenses
87,371
(13,090)
144,142
Increase in rent payable
-
-
3,750
Decrease in other accounts payable
-
-
(8,945)
Decrease in other current liabilities
-
(2,003)
-
Increase in taxes payable
-
-
1,512
Increase in deposits
           -
          -
           2,667
Net Cash Consumed By Operating Activities
   1,201
(43,762)
(1,004,579)
 
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of automobile
-
-
(1,500)
Payments of amounts due for licensing agreement          
-
         
(156,990)  
(320,228)
Other investments
   (219)
               -
        (219)
Net Cash Consumed By Investing Activities
   (219)
 (156,990)
(321,947)
 
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of equity interest in subsidiary
-
91,119
91,119
 Proceeds of short term loan
2,754
-
235,133
 Repayment of short term loan
-
-
(23,500)
 Proceeds of sale of noncontrolling interest
-
-
101,478
Advance received
-
-
99,900
Issuances of common stock to investors
-
-
701,708
Shareholder deposits for common stock
-
-
70,000
Shareholder advances
3,650
-
231,282
Repayment of shareholder advances
-
-
(80,000)
Advances from affiliate
-
-
200,000
Repayment of advances from affiliate          
-
          
-
(200,000)
Borrowing to finance acquisition of
    licensing agreement
        -
156,990
   156,990
Net Cash Provided By Financing Activities
  6,404
248,189
1,336,001
   
Effect on cash of exchange rate changes
(7, 639)
    3,714
      (9,257)
   
Net Change In Cash
(253)
51,151
218
Cash balance, beginning of period
     471
    2,173
                -
Cash balance, end of period $
     218
$
  53,324
$
           218
These statements should be read in conjunction with the year-end financial statements.

 

5


AMANASU TECHNO HOLDINGS CORPORATION
(A Development Stage Company)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
March 31, 2011
(Unaudited)

1. BASIS OF PRESENTATION

The unaudited interim consolidated financial statements of Amanasu Techno Holdings Corporation ("the Company") as of March 31, 2011 and 2009 and for the three and Three Month Periods Ended March 31, 2011 and 2009, have been prepared in accordance with accounting principles generally accepted in the United States of America. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of such periods. The results of operations for the nine month period ended March 31, 2011 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2010.

Certain information and disclosures normally included in the notes to financial statements have been condensed or omitted as permitted by the rules and regulations of the Securities and Exchange Commission, although the Company believes the disclosure is adequate to make the information presented not misleading. The accompanying unaudited financial statements should be read in conjunction with the financial statements of the Company for the year ended December 31, 2009.

2. GOING CONCERN UNCERTAINTY

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the financial statements, the Company had a material working capital deficiency and an accumulated deficit at March 31, 2011, and a record of continuing losses. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.

The Company's present plans, the realization of which cannot be assured, to overcome these difficulties include but are not limited to a continuing effort to investigate business acquisitions and joint ventures.

3. SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION

There was no cash paid for interest or income taxes during either of the periods presented. There were no non-cash investing or financing activities during these periods.

6


Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

This Form 10Q contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-KSB and other filings made by such company with the United States Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

The following discussion should be read in conjunction with the Company's Financial Statements, including the Notes thereto, appearing elsewhere in this Quarterly Report and in the Annual Report for the year ended December 31, 2009.

COMPANY OVERVIEW

Amanasu Techno Holdings Corporation ("Company") was incorporated in the State of Nevada on December 1, 1997 under the name of Avani Manufacturing (China) Inc. The Company changed its name to Genesis Water Technology on August 17, 1999, and to Supreme Group International, Inc. on December 24, 2000. On June 7, 2001, it changed its name to Amanasu Technologies Corporation. It changed its name again on December 21, 2007 to Amanasu Techno Holdings Corporation.The Company is a development stage company, and has not conducted any operations and generated any revenues since its inception.

The Company's principal offices were relocated on April 1, 2010 from 115 East 57th Street 11th Floor New York, NY 10022, to 445 Park Avenue Center 10th floor New York, NY 10022 Telephone: 212-836-4727 begin_of_the_skype_highlighting 212-836-4727 end_of_the_skype_highlighting. The Tokyo branch has relocated from 1-3-38 Roppongi, Minatoku, Tokyo, 106-0032, Japan to 1-7-10 Motoakasaka Building 9th Floor Motoakasaka Minato-Ku Tokyo Telephone: 03-5413-7322.

Current

As of April 27th, 2009, Amanasu Techno Holdings Corporation (herein after the "Company"), acquired Amanasu Water Corporation from its brother company Amanasu Environment Corporation. The Company will assist Amanasu Water Corporation under a new name, Amanasu Support Corporation, to manufacture and market 2 technologies of which the Company believes has great market potential.

The first technology is a fast microbe detection system for processed and unprocessed foods, called Biomonitec Glaze by NMG Inc, a Japanese corporation. Traditional microbe level detection systems take at least 24 hours to process; however, this mobile system can process the same information in 15 minutes. The Company is currently searching for investment partners to fund initial sales and marketing efforts.

The second technology is a automated personal waste collection and cleaning machine Haruka (formerly "Heartlet"), developed by Nanomax Corporation in Japan. The Haruka is a machine used in retirement homes, hospitals, and even in private residences. The Haruka allows the patient maximum comfort. The Haruka lowers the burden on the caretaker with an automated cleaning system. This machine is the only machine in its class to have a 90% govenment rebate, which the company believes makes the technology, extremely competative even in the current global economic crisis. The company obtained sales and manufacturing rights to the Haruka brand and is now currently seeking, manufacturing partners.

7


History

The Company is a development stage company and significant risks exist with respect to its business (see "Cautionary Statements" below). The Company received the exclusive, worldwide rights to a high efficiency electrical motor and a high-powered magnet both of which are used in connection with an electrical motor scooter. The technologies were initially acquired under a license agreement with Amanasu Corporation, formerly Family Corporation. Amanasu Corporation, a Japanese company and the Company's largest shareholder, acquired the rights to the technologies under a licensing agreement with the inventors. Amanasu Corporation subsequently transferred the right to Amanasu Technologies Corporation, and the Company succeeded to the exclusive, worldwide rights. Atsushi Maki, a director of the Company, is the sole shareholder of Amanasu Corporation. At this time, the Company is not engaged in the commercial sale of any of its licensed technologies. Its operations to date have been limited to acquiring the technologies, constructing four proto-type motor scooters and various testing of the technologies and the motor scooter.

The market place for electric scooters has become intensely competitive, thus offering rapid battery recharge time and more economical sale prices are prerequisites to compete successfully. To meet the economical sale price requirement the Company planned to conducted their manufacturing in China to reduce cost, and hoped it would meet the Company's expectations; however, significant difficulty with protecting the Company's proprietary technology unwillingly emerged. In addition to proprietary issues, there were major concerns in secure customer service follow-ups (i.e. product warranty, maintenance, etc). The Company realized that with minimal control of the manufacturing standards in China, the result of safety related incidents, if not managed appropriately, would prove to be an overwhelming liability for the Company. To solve the two major issues, the Company decided to initiate a cooperative with a company that already produces completed electric scooters in a successful marketing condition. Evader Motersports, Inc. ("Evader"), an electric motorcycle producer, entered into an International Distributor Agreement, whereby the Company is appointed as an exclusive distributor of Evader products. Evader, in turn, would manage customer-service concerns. The Company was granted the exclusive rights for the motorcycle retail industry in Japan, with the right to include other marketing channels provided that it was agreed upon by both parties. The Company also considered Evader as a prospective company to share its technology with to create improved and more advanced electric scooters. The Company believed that with a combined effort using both companies' resources and technology, the resulting product would make a stronger impact on the market.

Further marketing research was carried out comparing current electric scooters on the market and Evader's scooters. The research concluded that further refinement in several areas were required. First the retail price of the Evader scooters was too high to be competitive in the Japanese market. The research also found that a new company recently began importing electric scooters from China to Japan directly. The quality of their product is unclear; however, the retail price of the new company's product effectively competes in the Japanese market. The refinements needed to make the Evader scooters competitive economically would take too much time, thus the Company has decided to discontinue business relations with Evader, and abandon the electric scooter project; however, the Company still holds the related patents.

In place of the electric scooter, other projects including a cooperative with Seems Inc., formerly introduced as Pixen Inc and their breakthrough "Bio-scent technology" are in development. Seems Inc. is a Pioneer in the newly developed bio-scent technology industry. Bio-scent technology involves the application of "scent data transmission", a digitized form of scents, in various industries such as biotechnology, medical care, environment, security, etc in addition to common aroma therapy. Due to its revolutionary technologies, Seems has been able to become a multi-million dollar company in less than 6 years and is expected to become public by early 2007. Its DAA (Defensive Aromatic Air) is its current flagship product. In addition to being an air purifying system, Seems' DAA effectively removes up to 91% of air pollutants such as ammonia, and by products of cigarette smoke. It also provides odor neutralization , and air-borne anti-bacterial effects. Seems has also developed a scent-particle sensor, which is programmable to detect certain scent particles. This sensor is 1000 times more sensitive than even a dogs sense of smell. This scent detection system can be applied in fields such cancer detection. All diseases carry a scent profile that is undetectable by the human senses. Seems's sensor is able to detect these scent profiles and display the digitized scent data.

With uncertainty in the amount of time taken to obtain approval from the FDA for various technologies by Seems Inc, the Company decided to begin a new project in the Food/Beverage industry, specifically Franchise management under the new leadership of Yukinori Yoshino, who was appointed President of the Company as of October 16th, 2007; however, due to personal reasons unrelated to the Company, Mr. Yoshino stepped down as Presdient as of May 11, 2009, with the Chairman Mr. Atsushi Maki assuming the position of Chief Executive Officer.

The Chairman Mr. Maki's goal for the next 2 years is to enter into the NASDAQ global market.

8


PRODUCTS

Electric Motor Scooter (Amanasu Techno Holdings)

The Company initial intentions were to participate in the emerging electric vehicle market by using its licensed technologies to design, manufacture, and market lightweight, electric motor scooters. The Company planned to provide its own battery charging technology to Evader Motorcycle, Inc. to develop an improved electric scooter aiming at the Japan and Southeast Asian markets; however, with recently marketing research, the Evader product was not able to meet the Company's pricing standards. The Company's electric scooter project will be on hold until more customer-service related resources can be attained.

Automated Human Waste Disposal Unit (Amanasu Support Corporation)

As of April 27, 2009 the Company acquired Amanasu Support Corporation from Amanasu Environment Corporation (brother company) to start Research & Development, sales, and manufacturing operations of the "Haruka" (temporary) Automated Human Waste Disposal Unit.

This technology collects human waste of hospital, and other care facility patients on an individual basis through an automated system (patents pending). The non-invasive collection mechanism is fastened to patient, which in turn is connected to the collector itself. The part attached to the patient contains several cleaning mechanisms, which are activated automatically through the unit's controller. The collection unit can then be emptied by an attending care professional when the unit is full.

The Company believes that the hospital, and related care industries will greatly benefit from this form of technology. With an automated system, care professional will be able to more effectively allocate their time to more critical patient needs, while at the same time the patient is provided with more comfort. The Amanasu Support plans to utilize government health care initiatives to reduce the cost the purchaser (varies by market), which the company believes is the cornerstone to the project that will in turn help revolutionize the care industry.

The Company believes that the Haruka is a Class I medical device, which has a much shorter approval process. As of November, 23, 2009 Amanasu Support has tentative plans for production to start in the quarter ending March 31, 2011, however, cannot guarantee this schedule.

PLAN OF OPERATION

The Company is a development stage corporation. It has not commenced its planned operations of manufacturing and marketing a lightweight electrical motor scooter. Its operations to date have been limited to conducting various tests on its technologies.

As of April 27th, 2009, Amanasu Techno Holdings Corporation (herein after the "Company"), acquired Amanasu Water Corporation from its brother company Amanasu Environment Corporation. The Company will assist Amanasu Water Corporation under a new name, Amanasu Support Corporation, to manufacture and market 2 technologies of which the Company believes has great market potential.

The first technology is a fast microbe detection system for processed and unprocessed foods, called Biomonitec Glaze by NMG Inc, a Japanese corporation. Traditional microbe level detection systems take at least 24 hours to process; however, this mobile system can process the same information in 15 minutes. The Company is currently searching for investment partners to fund initial sales and marketing efforts.

The second technology is a automated personal waste collection and cleaning machine Haruka (formerly "Heartlet"), developed by Nanomax Corporation in Japan. The Haruka is a machine used in retirement homes, hospitals, and even in private residences. The Haruka allows the patient maximum comfort. The Haruka lowers the burden on the caretaker with an automated cleaning system. This machine is the only machine in its class to have a 90% govenment rebate, which the company believes makes the technology, extremely competative even in the current global economic crisis. The company obtained sales and manufacturing rights to the Haruka brand and is now currently seeking, manufacturing partners.

The Company will also be concentrating its efforts on capital raising efforts to enter into the NASDAQ Global Market. The Company satisfies all entry requirements, except for investment capital. The Company's target is to raise $30,000,000 by the end of 2010.

As stated above, the Company can not predict whether or not it will be successful in its capital raising efforts, and, thus, be able to satisfy its cash requirements for the next 12 months. If the Company is unsuccessful in raising at least $300,000, it may not be able to complete its plan of operations as discussed above.

The company is expecting to gain the capital from issuing and selling the shares of the Company.

9


FINANCIAL RESULTS

Total Assets for the quarter ended March 31, 2011 was $167,462 compared to $176,371 for the fiscal year ended December 31, 2010. The decrease is due primarily to BeMax "Heartlet" licensing agreement amortization.

Total current liabilities for the quarter ended March 31, 2011 was $631,807 compared to $530,986 for the fiscal year ended December 31, 2010. The increase is due primarily to increases in accrued expenses.

Expenses for the quarter ended March 31, 2011 was $(93,373) compared to $15,576 for the same period of 2010. The decrease is due primarily to the addition of Amanasu Support Corporation acquired on April 27th, 2009.

Net Loss for the quarter ended March 31, 2011 was $(61,757) compared to $(17,555) for the same period of 2010. The decrease is due primarily to the addition of Amanasu Support Corporation acquired on April 27th, 2009..

LIQUIDITY AND CAPITAL RESOURCES

Other than the provision of alternating business planning costs discussed above, the Company's cash requirements for the next 12 months are estimated to be $165,000. This amount is comprised of the following estimate expenditures; $100,000 in annual salaries for office personnel, office expenses and travel, $30,000 for rent, $20,000 for professional fees, and $15,000 for miscellaneous expenses. The Company has sufficient cash on hand to support its overhead for the next 12 months but no material commitments for capital at this time other than as described above. The Company and/or Amanasu Holdings will need to issue and sell shares to gain capital for operations.

OFF-BALANCE SHEET ARRANAGEMENTS

The Company has no off-balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not Applicable.

Item 4. Controls and Procedures

The Company carried out an evaluation of the effectiveness of the Company's disclosure controls and procedures (as defined by Rule 13a-15(e) under the Securities Exchange Act of 1934) under the supervision and with the participation of the Company's Chief Executive Officer and Chief Financial Officer as of a date within 90 days of the filings date of Form 10Q. Based on and as of the date of such evaluation, the aforementioned officers have concluded that the Company's disclosure controls and procedures have functioned effectively so as to provide information necessary whether:

(i) this quarterly report on Form 10 Q contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report on Form 10 Q, and (ii) the financial statements, and other financial information included in this quarterly report on Form 10 Q, fairly present in all material respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this quarterly report on Form 10 Q.

Item 4T. Controls and Procedures

CHANGES IN INTERNAL CONTROLS

There have been no significant changes in the Company's internal controls or in other factors since the date of the Chief Executive Officer's, Chief Financial Officer's and Chief Accounting Officer's evaluation that could significantly affect these internal controls, including any corrective actions with regards to significant deficiencies and material weaknesses.

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Part II

Item 1. Legal Proceedings

None.

Item 1A. Risk Factors

None.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

None.

Item 6. Exhibits

Furnish the Exhibits required by Item 601 of Regulation S-K (229.407 of this chapter).
Exhibit 31 - Certification Pursuant To Section 302 Of The Sarbanes-Oxley Act Of 2002.
Exhibit 32 - Certification Pursuant To Section 906 Of The Sarbanes-Oxley Act Of 2002.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused his report to be signed on its behalf by the undersigned thereunto duly authorized.

Amanasu Techno Holdings Corporation

Date: June 20, 2011

/s/ Atsushi Maki

Atsushi Maki
Chief Executive Officer
Chief Financial Officer
Chief Accounting Officer

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